China Pledges Rs 11 Billion for Second Phase of Kathmandu Ring Road Expansion
Summary
China has pledged Rs 11 billion in grants for the second phase of the Kathmandu Ring Road expansion to construct an 8.2 km stretch from Koteshwor to Kalanki.
Key Points
- An agreement was signed between Nepal's Minister Sunil Lamsal and Chinese Ambassador Zhang Maoming for the second phase of Kathmandu Ring Road expansion.
- The Chinese government will provide Rs 11 billion in grants for constructing an 8.2 km road and bridges from Koteshwor to Kalanki.
- The first phase of the Ring Road expansion from Koteshwor to Kalanki began in 2019 and has been completed.
- Minister Lamsal emphasized resolving project issues quickly and expressed hope for more Chinese investment in Nepal's infrastructure.
